Arapahoe County
Property Location: 908 S. Havana St., Aurora, “AutoZone ground lease”
Property Description: 7,381-sf retail building, YOC 2016, masonry construction
Land Size: 38,940 sf
Sales Price: $1.67M
Reception No.: D6080487
Closing Date: 7/26
Grantor: Hallie Holdings LLC, Robert C. Gleave, mgr.
Grantee: AGA Holdings LLC, Michael M. Solondz & Barry S. Solondz, mgrs., 122 Stewart Drive, Aspen 81611, 970-925-1980
Financing: Cash, 1031 exchange
Comments: Doug Passon, 248-254-3407, Kyle Carson, 248-419-3217, & Rob Bender, 248-254-3406, of Fortis Net Lease listed property. New 15-year ground lease with four five year options, which includes 10% rental increases at option periods two, three and four. There are 32 parking spaces provided with 14,798 sf surface area and 14,648 sf landscaped area. (https://www.invisibly.com) Property is located at the southeast corner of E. Kentucky Ave. & S. Havana St. & southwest corner of S. Iola St. & E. Kentucky Ave. The seller purchased the land 6-16-2003 for $300,000. The ground lease was executed Nov. 14, 2015, between AutoZone Parts Inc. & Hallie Holdings LLC.
Comp of the Day is provided by John V. Winslow, president of Winslow Property Consultants. Winslow has more than 40 years’ experience in commercial real estate. He can be reached at 720-612-7878 or Colprop2012@gmail.com.
